It Starts: Hiring Falls in San Francisco Bay Area, Says LinkedIn

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Source: It Starts: Hiring Falls in San Francisco Bay Area, Says LinkedIn | Wolf Street

by Wolf Richter

Tech skills are suddenly “abundant” in San Francisco & Silicon Valley

Hiring dropped 4.1% in May year-over-year in the Bay Area, which includes Silicon Valley, San Francisco, Oakland, San Jose, and other cities, according to LinkedIn’s new Workforce Report. This contrasted with the US overall, where hiring rose 2.4%, “the strongest month for hiring since June 2015,” as the report put it.

On a seasonally-adjusted basis – this irons out large seasonal variations, such as the drop-off in December due to the holidays or the surge over the summer due to seasonal work and student internships – hiring plunged 11.1% in May from April.

This measure of hiring activity is based on the 138 million workers in the US who have profiles on LinkedIn. That would be 86% of what is…

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